Highrise Luxury on the High Seas

Highrise Luxury on the High Seas

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Coinbase Posts $667 Million Loss, Revenue Declines 20%

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Coinbase Global Inc. showed how quickly a cooling crypto market can pressure even one of the industry’s most diversified exchanges. Revenue in the fo ...  Show more

Sage Geosystems CEO on the Promise of Geothermal Energy

Sage Geosystems is a Houston-based geothermal energy startup founded in 2020 that develops next-generation, pressure-based geothermal technology for power generation and long-duration energy storage. Their systems create artificial underground reservoirs in hot, dry rock to harne ...  Show more

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Arc gets its first major order for electric tugboats worth $160M, also Klarna’s IPO pops, raising $1.4B
TechCrunch Startup News

Arc announced Wednesday it has signed a contract of that value with Curtin Maritime, a tug and barge operator. The new hybrid-electric tugs are expected to hit the waters around the Los Angeles port in 2027. Curtin has ordered eight tugs — at around $20 million apiece — and Arc w ...  Show more

Cruise Ship Wars | Making Waves | 2
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After his bitter exit from Norwegian Cruise Line, Ted Arison has limited time to make his new company Carnival a success. With little funds and one run-down ship, the odds are stacked against him. Meanwhile, Norwegian Cruise Line and Royal Caribbean compete to be the ...

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While US stalls, Australia and Anduril move to put XL undersea vehicle into service, plus Perplexity reportedly raised $200M
TechCrunch Startup News

Anduril announced Tuesday that a fleet of its XL uncrewed undersea vehicle “Ghost Shark” will begin operations in Australian waters next year under a massive billion dollar contract. The five-year award structure is the defense-startup holy grail; it’s a program of record that es ...  Show more

Travel Stocks Down on Omicron But the S&P 500 Sets a New All-Time High, the Holiday Retail Sales Boost and Big Tech vs. Regulation in 2022.
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On the first trading day after Christmas, Carl Quintanilla, Scott Wapner and Kayla Tausche discussed why the S&P 500 hit a new record high despite the omicron outbreak, while travel stocks are taking a hit in wake of flight cancellations and the increase in COVID cases on cruise ...  Show more